April Dividend Income! New Position, Weekly Recap Issue #7

Hey guys! Happy May to all! Another month. More opportunities and more dividend payments coming in. I hope you all had a great week in the market. In some dividend news, $RTX Raytheon Technologies announced a 7.3% dividend increase to $0.59 a share! I was very pleased with this raise. A solid increase from one of my best investments over the past 5 years. I started my position in August 2019. Brick by brick I’ve built it up to 73 shares. There are still more companies I’m waiting on to release their increases, I’ll be sure to keep you all posted.

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State Of The Market

Looking at the $SPY on the daily chart.

We saw the $SPY run up at the end of the week, finishing out at the week at that $415 mark. We have been seeing that as as point of strong resistance, it should be interesting to see if the SPY tests that resistance this week. Especially since we saw sideways action on the $SPY for pretty much the entire month of April. Big tech earning releases gave the $QQQ a boost through out the later part of the week. I also keep a tight eye on the $QQQ as big tech earnings and information released has influence on the market.

By looking at the chart, I made two levels of resistance. Two identifiable zones that price has been to before. Like I said above, this week will be interesting to see if the SPY wants to break that $415-$416 zone and continue higher or going to start to turn the other way. RSI still hanging around 60 on the $SPY. Let’s see what this week brings.

Purchases this week

I got back on the grind this week and made some purchases. Including a brand NEW position for my buy and hold portfolio $AMT American Tower Corp. I have been researching this company for a few months now and I’m very confident with my decision to become a shareholder. I only add 1-3 new positions into the buy and hold a year so that’s such a cool add. I’m going to do a spotlight on them for next weeks newsletter issues so stay tuned for that. As you all may know, I’ve been building my position in VICI Properties. This week I added a total of 10 shares to my position. I normally wouldn’t be buying shares at such a hot RSI (62) however, in my opinion I think VICI is still undervalued at the prices I purchased at. I plan on making this a largest position in my buy and hold portfolio.

Dividend investing is a great way to build wealth and generate passive income just by owning a share of a company's stock.

And the best part is, it's accessible to anyone - no matter who you are or what your financial background is.

Weekly Tweet Corner

April has a dividend drought that last about 13 days with no payments which seems like forever. I’m being picky, I just love seeing those dividend payments roll in first thing in the morning but I know it can’t be everyday! On a serious note, I’m truly grateful to have gotten to this level. I never would have imagined getting $800 a month in passive income years ago. Now, this is considered a slow month in my portfolio. It’s amazing what a few years of hard work and dedication can produce for someone. The best part of this whole thing is ANYONE can do it. Regardless of who you are, I really believe that. This process is definitely simple, just nowhere near easy.

Thanks so much for reading!

I’m super excited to provide this weekly newsletter so THANK YOU all for being subscribers.

Until next week. Keep the focus and stay consistent!

-Nick Dividend Investor and Educator

Friendly Disclaimer: This is NOT financial advice. This newsletter and the information included is for fun and entertainment purposes only. Always consult with a professional before making any investments.